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(Reuters)   Fannie Mae and Freddie Mac are going to repay the U.S. sooner than previously expected   ( ) divider line
    More: Spiffy, Freddie Mac, Fannie Mae, Federal Housing Finance Agency, Federal Housing Administration, Treasury Department  
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1046 clicks; posted to Business » on 20 Mar 2013 at 8:21 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

8 Comments     (+0 »)
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2013-03-20 08:34:24 AM  
No. They still have a lot to pay back from future borrowing.

/is this dividing by zero?
2013-03-20 09:05:45 AM  
I thought they were the militant lending arm of ACORN and had to be shut down by heroic NRA commandos
2013-03-20 09:29:18 AM  
Thanks Obama!



Mitt Romney.
2013-03-20 09:29:56 AM  
Obama is just the worst socialist ever.
2013-03-20 10:49:24 AM  
As a real estate appraiser, I'm really happy we bailed these guys out.

My industry would probably even worse than it is without it.

Also my father passed away on jan 20 of this year biatching about Barney frank and this bail out I won't say till the end, but we had a harsh conversation a few months before the surgery he had that damaged his kidney's which lead to his death, well that and liver failure from Hep C.

I just wish he could have seen this so he could deny it one more time before he died.
2013-03-20 11:18:04 AM  
Fannie Mae and Freddie Mac are going to repay the U.S. sooner than previously expected

epyonyx: No. They still have a lot to pay back from future borrowing.

They haven't been borrowing for a while now.
2013-03-20 06:50:33 PM  
Or we could have bailed out the homeowners and had them repay the debt.   I'm not the biggest fan OR opponent of trickle down, but I think helping the little people would have been more compassionate.  If the little people made their payments, the banks would have their money.  I might lose my libertarian membership card for suggesting it, but I wouldn't mind seeing a little trickle up getting a chance once in a while.  That the right wingers' best president ever and the left wingers' best president ever both believe in trickle down when it suits them, tells me it's probably a pretty whacked idea.
2013-03-21 04:19:05 AM  
Previously to being bailed out, Fannie and Freddie were mere GSEs that did not have the explicit backing of the USG.  Now that We the People are most definitely on the hook for Fannie and Freddie it seems that we have taken on more risk.
Have we been compensated for that?
I don't recall that we have.
If you think it's not worth anything to take on that risk, then I'll ask you to kindly co-sign on my Lambo loan.
I promise not to drive it above 150 and I will send you a picture or two of me enjoying it.
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